CLARIFICATION ON CONVERSION OF A FIRM INTO A LLP

CLARIFICATION ON CONVERSION OF A FIRM INTO A LLP GENERAL CIRCULAR NO. 09/2013 [F.NO. 1/10/2012-CL-V], 2013- 04 -30 (1) The Ministry has been examining some of the issues raised by

Why Should We File Income Tax Return On Time?

As per Section 139(1) of Income Tax Act 1961, if the income of any person exceed maximum amount not chargeable to tax without giving the effect of section 10A/ 10B or Chapter

How to Register a Partnership firm & How to Get Tin No.

How to Register a Partnership firm & How to Get Tin No. For registration of the partnership firm first of all we have to understand the concept of partnership. A

Income Tax Reminders on way to 12 Lacs Assessees for Not Filing Returns

Income Tax Department has noticed that Many High Spenders are not filing there IT Return. In order to  Tightening its grip on those who do not pay taxes, the Income

Section 44AD of Income Tax Act | Presumptive Taxation

Section 44AD of Income Tax Act | Presumptive Taxation : To give relief to small assessees, the Income-tax Law has incorporated a simple scheme commonly known as Presumptive Taxation Scheme.

CERTAIN SECTIONS OF INCOME TAX ACT RELATED TO TDS

SECTION 194J(1)(ba) In accordance with newly inserted clause 1(BA) in Section 194J, TDS @ 10% is to be deducted from any remuneration paid to Directors of accompany. This clause reads as follows “Any remuneration or

Download ITR- 5 E Filing Utility for AY 2013-14 / FY 2012-13

The Long Wait of ITR-5 Is noe over. Income tax department issued the Excel Utility of ITR-5. You can Download it from below.   Subscribe to Studycafe by Email

ELECTRONIC PIN BASED VERIFICATION FOR E-FILING

E-filers may not need to send hard copy to I-T dept, Taxpayers filing their income tax returns on the electronic mode may no longer be asked to send paper documents to

Download ITR- 3 E Filing Utility for AY 2013-14 / FY 2012-13